Ryvyl Inc. (NASDAQ:RVYL) Sees Significant Increase in Short Interest

Ryvyl Inc. (NASDAQ:RVYL) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 199,400 shares, an increase of 27.1% from the February 13th total of 156,900 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily trading volume, of 104,600 shares, the days-to-cover ratio is presently 1.9 days.

Ryvyl Stock Performance

Shares of RVYL stock traded down $0.00 during trading hours on Tuesday, reaching $0.98. 8,083 shares of the company’s stock were exchanged, compared to its average volume of 92,026. Ryvyl has a fifty-two week low of $0.69 and a fifty-two week high of $4.10. The stock has a market capitalization of $8.18 million, a P/E ratio of -0.11 and a beta of 4.40. The business has a fifty day moving average price of $1.15 and a 200-day moving average price of $1.36. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.80.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ryvyl stock. Mariner LLC bought a new stake in Ryvyl Inc. (NASDAQ:RVYL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 77,782 shares of the company’s stock, valued at approximately $101,000. Mariner LLC owned approximately 1.05% of Ryvyl at the end of the most recent quarter. 17.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “neutral” rating on shares of Ryvyl in a report on Wednesday, February 26th.

Ryvyl Company Profile

Ryvyl Inc, a technology company, engages in the development, marketing, and sale of blockchain-based payment solutions in North America, Europe, and Asia. The company's blockchain-based systems facilitate, record, and store a volume of tokenized assets representing cash or data on a blockchain-based ledger.